Press Releases

If the change of perception for PSU banks, post the mega capital infusion scheme is any indication, dilution of government equity, up to 52 per cent in the state-owned lenders can fetch valuation much higher than the estimated potential of Rs 58,000 crore as provided in the Rs 2,11,000 crore re-capitalisation plan, an ASSOCHAM report has said.

New Delhi, October 26, 2017: The Government will soon amend the law making obligations under power purchase agreement (PPA) statutory binding thereby ensuring that all discoms have PPAs to cover 100 per cent requirement and it has convened a meeting of energy ministers of all states on November 10-11 in this regard, Union Power Minister, R.K. Singh said at an ASSOCHAM event held in New Delhi today.

New Delhi, October 25, 2017: The educational institutes imparting technical, professional and applied science training must mould their courses making them more relevant and useful for industry, deputy chief minister of Delhi, Mr Manish Sisodia said at an ASSOCHAM event held in New Delhi today.

New Delhi, October 25, 2017: The government will soon appoint more judges in the National Company Law Tribunal (NCLT) which has been facing problems in handling large number of cases dealing with stressed assets under the new insolvency regime, Union Minister of State for Law & Justice and Corporate Affairs, Mr P.P. Choudhary said at an ASSOCHAM event held in New Delhi today.

New Delhi, October 24, 2017: Despite India being world’s largest producer for milk and second largest producer of fruits and vegetables, about 40 to 50 per cent of the total production valued of $440 billion (bn) ends up wasting, noted a recent ASSOCHAM-MRSS India study.

New Delhi, October 23, 2017: The upcoming wedding season starting in November may be impacted by 10-15 per cent particularly wedding services like marriage garden/marriage hall booking, tent booking, confectionery services, photography and more, reveals by industry chamber ASSOCHAM.

New Delhi, October 21, 2017: The travel and tourism industry has supported in 2016 over 25, 400,000 jobs i.e., 5.8 percent of the total employment and has tremendous potential to rise by 2.5 percent provided the budgetary allocation was enhanced from the current 0.9% of the total allocation to atleast 0.15% in 2018-19.

New Delhi, 21 October 2017: Expressing concern over poor implementation of the Supreme Court ban order on sale of fire crackers in the Delhi–NCR, the ASSOCHAM today said ensuring a clean environment should be a combined responsibility of the Centre, state governments, civil society and public at large and not of the apex court alone.

New Delhi, 18th October 2017: In sync with the low-key festivities due to slowdown concerns and pressure on their balance-sheets, corporate India is going rather lukewarm in Diwali gifts this year to its associates, networked partners, employees and other key personalities, slashing the budget by at least 35-40 per cent under this head, an ASSOCHAM survey has noted.

New Delhi, October 17, 2017: About 68 per cent families to spend in the range of Rs. 5,000 to Rs.10,000 on the occasion of Diwali which is slightly lower than the last year, a quick survey by ASSOCHAM-Social Development Foundation (ASDF).